The Bank of the Philippine Islands (BPI) group is helping lighten the financial burdens of those severely impacted by the ongoing eruption of Taal Volcano as part of BPI BAYANihan, a holistic three-step disaster response campaign.
The BPI group of companies – BPI, BPI Family Savings Bank and BPI Direct BanKo – will provide deferred payment programs for its credit card, personal loan, housing loan, auto loan, business loan, and micro-business loan clients in severely affected areas. This will allow them to pay their amount due 30 days from the current due date without penalties. These offers will be made available to clients in good standing from directly impacted areas, and are subject to bank approval.
BPI President and CEO Cezar P. Consing said that BPI is committed to help fellow Filipinos affected by this natural calamity.
“We’ll do what we can to help our clients and communities that are most adversely affected by the Taal eruption,” said Consing.
BPI Foundation has mobilized employee volunteers to repack and distribute relief goods consisting of basic necessities that include masks, blankets, sleeping mats, slippers, non-perishable food, clothes, water, medicines and hygienic items that were delivered within days from the eruption.
An employee-led donation drive has also been launched where the amounts to be raised will be matched by BPI Foundation. The combined amount will be given to the Philippine Disaster Resilience Foundation.
BPI Foundation Executive Director Owen Cammayo said BPI’s campaign, “BPI BAYANihan: Relief. Remind. Recover.” would involve providing relief, giving reminders, and working towards recovery.
“This incident has really opened up our eyes to the importance of emergency preparedness. While we have provided immediate relief to affected clients and communities and developed programs that can help them recover faster, we are working on a long-term information campaign in cooperation with the authorities to remind people on how to properly prepare and react to emergency situations,” said Cammayo.
Cammayo believes that the quick and generous response from private sector groups will help affected communities recover from the incident more quickly.
“It’s very heartening to see the private sector unite for a common cause to help fellow Filipinos in need. We, as Filipinos, cannot consider ourselves to be truly successful if there are communities left behind. We must rise and build a better Philippines, together,” he said.
More private groups and individuals are initiating projects to help the victims displaced by the Taal Volcano eruption on January 12, 2020, among them, Globe Telecom which has been conducting relief campaigns, the schools of Ateneo de Manila University and De La Salle University, Angel Locsin and celebrities, and Popster fans of Sarah Geronimo and SB19’s A’TIN.
PLEASE CONTINUE TO HELP victims of the Taal Volcano Eruption by contacting any of the mentioned organizations.
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